The Week That Was, April 30th – May 5th 2018
Politics/Economy: Prime Minister Lars Løkke Rasmussen was forced to shuffle his cabinet following Education Minister Søren Pind’s surprising decision to quit politics and Esben Lund’s resignation as Environment and Food Minister – Jakob…
MoreEU Commission predicts stable growth
The EU Commission predicts ‘stable growth’ for the Danish economy in its Spring 2018 Economic Forecast but with wages rising faster than previously expected. The economy grew by 2.2% last year, the highest…
MoreEmployment Minister: Benefit cap is ‘fair and reasonable’
Employment Minister Troels Lund Poulsen (V) has defended the government’s cap on social benefits despite new figures showing no more than 600 claimants have found a job since the new rules were imposed…
MoreSocial Democrats paint election campaign green
The Social Democrats are determined to make the upcoming election campaign ‘green’, party leader Mette Frederiksen said yesterday after presenting a wide range of climate and energy proposals. When the government presented its…
MoreBank watchdog reprimands Danske
Danske Bank has been severely criticised for its failure to implement anti-money laundering controls at its Estonian branch, which led to suspected “criminal activities involving vast amounts of money”. The Danish Financial Supervisory…
MoreBusiness Minister: Danske Bank management can’t be prosecuted
Business Minister Brian Mikkelsen yesterday accused Danske Bank management of a ’dereliction of duty’ following the Danish Financial Supervisory Authority’s strong criticism of the bank’s failure to prevent extensive money laundering, but dismissed…
MoreExporters lead the call for foreign manpower
Five leading export sectors have joined together in a campaign to attract more skilled workers to Denmark. Trade organisations for the medicinal, energy, hotel, leisure, and shipping industries are behind the campaign, launched…
MoreCriminal families facing eviction
Social housing administrators have been given the green light by the Supreme Court to evict families with criminal members. When a young man and seven others were convicted two years ago of throwing…
MoreChinese investment could fuel Greenland’s independence
While the rest of the world bemoans climate warming the melting ice sheet in Greenland could provide a financial windfall for the country’s 56,000 inhabitants, the British Economist reports. Greenland boasts a tenth…
MoreChinese smartphone giant targets Denmark
China’s Xiaomi, one of the world’s biggest smartphone makers, is setting its sights on the Danish market long dominated by big-name players such as Apple, Samsung, Sony and Huawei. Xiaomi has reportedly signed…
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